Jute hopes

Diversification needed to revive jute exports
Diversification, with innovation being taken into consideration should be the key factor to proper in the light of potential global demand for Jute products of Bangladesh. Furthermore, participation of manufacturers and analysis of the need of Jute in an international context are as vital. With nations and governments supporting "green", green products like for shopping bags, geo textile, pulp and paper are growing, while plastic is being frowned upon. Bangladesh is already operating with major crops being stocked in jute bags, by new law.

Leather and Jute

Leather sector's exports cross $1b for second year

Leather sector seems to be the only consistent sector in the economy among all the political and economic issues. Becoming the second largest sector in the economy, it amounted to US $1.13bn in 2014-15 similar to US $1.12bn in 2013-14. Consistency however, was still not enough to align perfectly with economic targets $1.4bn this fiscal year. Next fiscal of 2015-16, targets have been set at $1.21bn.

Bangladeshi leather exports have been doing well with India, Nepal, Australia and particularly Japan, for its duty-free policies. Exporters have considered our economy to maintain closer relations with Japan, so that this advantage remains despite many Asian countries signing free trade deals with them. Bangladesh exports 30% of leather produced to Japan. Of the total global leather exports, Bangladesh contributes 0.5%, worth of $215bn.